Strong revenue growth in FY17 propels ConEst to record sales and customer acquisitions in 2017
ConEst Closes CY17 Strong exceeding 60% Year-Over-Year Bookings Growth; Breaks sales records post JDM Technologies Acquisition
March 21, 2018, Manchester, NH – ConEst Software Systems, the premier estimating, takeoff and project management software vendor for electrical and datacom estimators and project managers today announced results for calendar year 2017, including record year over year revenue growth of more than 60% and quarter over quarter growth exceeding 110% in Q317 and 77% in Q417.
Message from the President of ConEst, Jim Beaumont:
It’s been a productive first year since being asked to take the reins as President of ConEst Software Systems by JDM Technology Group’s CEO Jim McFarlane. It is with great pleasure and pride that we are announcing with this press release our results since being acquired by JDM Technology Group on February 28, 2017.
ConEst continues to be the leader in electrical estimation software. We have a very talented and committed staff with a deep understanding of our industry and a passion for success. I could not ask for a better group of professionals to keep our company focused and profitable over the past year.
As a company we are poised for even greater growth in 2018 and beyond. We have redefined our focus on our customer base and the electrical industry and will continue to provide the industry standard in electrical estimation software. We are committed to listening to our customers and providing the industry leading software our customers have come to expect.
Please take a moment to read over our results in 2017 and what some of my management team has to say about our success. It has been a pleasure and a privilege to lead ConEst over the past year and we are all very excited about the future and what it holds for ConEst, our customers and the electrical industry.
Company-wide achievements in 2017 included:
60% year over year revenue growth
New customer growth increased by more than 40% from a year ago and ConEst recorded higher than expected support renewal rates within our existing customer base. “Our customers recognize the value of using our estimating software over their existing methods or spreadsheets. We help contractors deliver more accurate bids with greater detail and consistency in a fraction of the time that it takes using other methods which has helped drive our strong results in 2017.” – Rohn Martino, Director of Sales, ConEst
Enhanced consultative training program
In 2017 ConEst educated hundreds of ConEst customers through classroom training across the United States, on-site training, webinars and online training. We ensure that our customers apply the training material to increase usage of feature sets and reduce time in meeting goals related to the specific reasons associated with why the customer initially purchased our software in the first place.
“We fine-tuned the training experience in 2017 by focusing on an ongoing consultative relationship with our customers. From the time of purchase, we guide the client and their staff through the most appropriate training sequence to ensure they have the skills needed to be successful with our software and maximize their investment.” – Katie Martino, Director of Marketing and Training, ConEst
Streamlined support model
ConEst provides ongoing service, support and technology upgrades to ensure that customers are able to take advantage of the capabilities that come with each ConEst estimating software product. ConEst provides a comprehensive maintenance and support package with prompt and professional technical assistance.
“ConEst Service and support has successfully clarified the scope of what they provide to their customers, from system support to implementing software upgrades. Multiple contact methods and processes have been put in place to provide the customer with an uncomplicated way to communicate their request and have it managed efficiently without feeling rushed.” –Christine Massone, Director of Technical Support, ConEst
Modern database for today’s market
IntelliBid’s database is continuously being updated to keep pace with modern installation practices and project specifications. “The Voice, Data, & Video portion of the database is continuously updated with the products available in today’s market and modern installation practices and methods established by BICSI.” – Allan Goodwin, Director of Product Development/QA, ConEst
Founded in 1989, ConEst has become a leading supplier of estimating, takeoff, and project management software to the electrical and datacom industry in the United States and around the world. ConEst is the leading technology innovator in its industry with a reputation for excellent customer support.
For more information, visit www.conest.com
About JDM Technology Group
JDM Technology Group is a global software business focused on delivering business software systems for the architecture, engineering and construction industries with over 50,000 users served in 40 countries on 6 continents, employing 300 staff. The JDM Technology Group’s core business philosophy is long-term commitment to customer service coupled with providing the best possible solutions to customers. JDM Technology Group companies include Computer Guidance Corporation (North America), CSSP (Australia, New Zealand, Hong Kong), Explorer Software (North, Central, and South America), Integrity Software Systems (UK and Ireland), LEVESYS (Australia), RedSkyIT (UK and Middle East), and Vision InfoSoft (North America).
For more information, visit www.jdmtechnologygroup.com.
603 437 9353 x 350